Ultra Clean (NASDAQ:UCTT) Issues Q4 2024 Earnings Guidance

Ultra Clean (NASDAQ:UCTT) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.340-0.540 for the period, compared to the consensus earnings per share estimate of 0.430. The company issued revenue guidance of $535.0 million-$585.0 million, compared to the consensus revenue estimate of $531.0 million. Ultra Clean also updated its Q4 guidance to $0.34-$0.54 EPS.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UCTT shares. Oppenheimer began coverage on shares of Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of Ultra Clean in a research note on Friday, July 26th. Craig Hallum lifted their price objective on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, TD Cowen upped their price objective on Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ultra Clean currently has an average rating of “Buy” and a consensus target price of $61.50.

Ultra Clean Stock Performance

Shares of UCTT traded down $0.54 during mid-day trading on Monday, reaching $35.05. 661,206 shares of the company’s stock were exchanged, compared to its average volume of 360,880. The business’s fifty day simple moving average is $36.67 and its 200-day simple moving average is $42.09. Ultra Clean has a 52-week low of $23.26 and a 52-week high of $56.47. The stock has a market capitalization of $1.57 billion, a PE ratio of -42.74 and a beta of 2.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.73 and a quick ratio of 1.60.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. The business had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $490.06 million. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. On average, equities research analysts expect that Ultra Clean will post 1.1 earnings per share for the current year.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.